Siemens Energy (OTCMKTS:SMNEY) Sets New 1-Year High - Here's What Happened

Key Points

• Siemens Energy shares reached a new 52-week high, trading at $116.62 with a market cap of $93.14 billion.
• Morgan Stanley reaffirmed an "overweight" rating for Siemens Energy, contributing to a mixed analyst outlook with an average rating of "Hold."
• The company reported earnings of $0.52 per share for the last quarter, with analysts projecting an EPS of $0.24 for the current year.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $117.11 and last traded at $116.62, with a volume of 63789 shares. The stock had previously closed at $113.38.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Siemens Energy in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Siemens Energy Trading Down 3.1%

The stock's 50 day moving average is $104.73 and its two-hundred day moving average is $78.92. The company has a market capitalization of $90.16 billion and a PE ratio of 512.75. The company has a quick ratio of 0.63, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $10.48 billion during the quarter. Siemens Energy had a net margin of 0.48% and a return on equity of 1.81%. As a group, sell-side analysts predict that Siemens Energy AG Unsponsored ADR will post 0.24 EPS for the current fiscal year.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.